I need help with the journal entries for sections a & b:

In its $207$ consolidated income statement, Plate Development Company reported consolidated net income of $$962,000$ and $$42,000$

of income assigned to the $30$ percent noncontrolling interest in its only subsidiary, Subsidence Mining Incorporated During the year,

Subsidence had sold a previously mined parcel of land to Plate for a new housing development; the sales price to Plate was

$$465,000,$ and the land had a carrying amount at the time of sale of $$590,000.$ At the beginning of the previous year, Plate had sold

excavation and grading equipment to Subsidence for $$249,000$; the equipment had a remaining life of $6$ years as of the date of sale

and a book value of $$216,000.$ The equipment originally had cost $$360,000$ when Plate purchased it on January $2,202.$ The

equipment never was expected to have any salvage value.

Plate had acquired $70$ percent of the voting shares of Subsidence eight years earlier when the fair value of its net assets was

$$230,000$ higher than book value, and the fair value of the noncontrolling interest was $$69,000$ more than a proportionate share of

the book value of Subsidence's net assets. All the excess over the book value was attributable to intangible assets with a remaining

life of $10$ years from the date of combination. Both parent and subsidiary use straight$-$line amortization and depreciation. Assume Plate

uses the fully adjusted equity method.

Required:

a$.$ Present the journal entry made by Plate to record the sale of equipment in $20$X$6$ to Subsidence.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

A Record the entry for the sale of equipment in $206.$

b$.$ Present all consolidation entries related to the intercompany transfers of land and equipment that should appear in the

consolidation worksheet used to prepare a complete set of consolidated financial statements for $20$X$7.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.